BOEGA Island in Portugal will be transformed into a tourist attraction with a steampunk-themed ship and rollercoasters.
Located on the Minho River, along the Portuguese-Spanish border, Boega Island has been unoccupied for several years.
A new theme park, which is known as Porto Boega, could be set to open on the former farming settlement.
is a three-way venture between BlueCrow Capital, Obvious Gravity and Storyland Studios.
The new theme park will be spread across the 50-hectare island, which is set to feature a steampunk-themed galleon ship.
There will also be a host of rides and rollercoasters on the island that are set to "occupy a lot of land".
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Porto Boega will also feature a range of other facilities like retail and dining outlets.
Despite being in development, not much is known about the specific rides that will feature at the theme park.
The story of the theme park will centre around characters from different cultures who have all been invited to Boega Island.
A series of computer-generated images shows what visitors can expect from the new theme park, including several areas inspired by far-flung destinations.
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Adam Booth, Storyland Studios’ senior project manager for the Boega Island project, : "This enthralling adventure unfolds in a world-class resort with a theme park, retail, dining, and entertainment."
"Its story is uniquely inspired by historical themes, and the heroes and people of Portugal."
Despite being abandoned, Boega Island is important for the local environment, with theme park bosses hoping the new attraction will have a "positive impact on the planet".
It is not yet known how much the theme park will cost to build and when it will open to the public - although it's likely to be years in the making.
Boega Island is an 80-minute drive from Porto in Portugal, where direct flights operate from the UK.
The Portuguese island is also a 50-minute drive from Vigo, a lesser-known city in Spain.
Meanwhile, new aerial pictures show that Universal's huge new theme park in Orlando, Florida, is close to completion.
The 'Epic Universe' park, which will open on May 22, 2025, will feature five new lands based on blockbuster movies and popular culture icons.
All guests will enter the park into the Celestial Land, which is inspired by outer space and features a comet-inspired rollercoaster and a starry carousel.
From there, there are four portals into the remaining four Epic Universe themed lands.
Among them is a brand new Wizarding World Of Harry Potter land, where guests can explore scenes of 1920s Paris from the Fantastic Beasts series.
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Use these tips on your next theme park trip
Next time you visit a theme park, you may want to use our top tips to make the most of your adrenaline-inducing day out.
- Go to the back of the theme park first. Rides at the front will have the longest queues as soon as it opens.
- Go on water rides in the middle of the day in the summer - this will cool you off when the sun is at its hottest.
- Download the park's app to track which rides have the shortest queues.
- Visit on your birthday, as some parks give out "birthday badges" that can get you freebies.
- If it rains, contact the park. Depending on how much it rained, you may get a free ticket to return.
Meanwhile, Chessington World of Adventures has submitted its plans to the local council for its massive multi-million project.
Here are five other great UK theme parks you might not know about.